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Tamarisk Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item...

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Question

Accounting

Tamarisk Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.

Item No.

Quantity

Cost per Unit

Cost to Replace

Estimated Selling Price

Cost of Completion and Disposal

Normal Profit
1320 1,400 $3.33 $3.12 $4.68 $0.36 $1.30
1333 1,100 2.81 2.39 3.64 0.52 0.52
1426 1,000 4.68 3.85 5.20 0.42 1.04
1437 1,200 3.74 3.22 3.33 0.26 0.94
1510 900 2.34 2.08 3.38 0.83 0.62
1522 700 3.12 2.81 3.95 0.42 0.52
1573 3,200 1.87 1.66 2.60 0.78 0.52
1626 1,200 4.89 5.41 6.24 0.52 1.04

From the information above, determine the amount of Tamarisk Company inventory.

The amount of Tamarisk Companys inventory

$

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